Essay I

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STATEMENT OF PURPOSE

Accounting is a fundamental part of our life which implies to every individual in daily basis. Its importance in business has been recognized in recent years and it is often referred to as a universal language of business. Tracking performances is crucial to the growth of a business and an accounting system does that job by closely monitoring cash flows, recording transactions and ensuring that the business isn’t losing unnecessary money. Thus, in the business world, the role of accounting cannot be understated. It is this very realization of its importance that compelled me to seek further education and a career in accounting field.

Introduction:

I am Melika Maharjan, daughter of Mr. Hari Bhakta Maharjan, a permanent resident of Pukhusi Tole—26, Lalitpur, Nepal. I believe myself as sincere, dedicated and laborious student who wish to accomplish her goal through quality education. Talking about my educational background, I have completed my School Leaving Certificate (S.L.C) from Nava Suryodaya English Secondary School with 85.5% in the year 2010. After that I did my higher secondary education with 77.20% from Einstein Academy in the year 2012. I have also done my Bachelors in Business Studies from Nesfield International College scoring 55.57%. My Bachelor's degree transcript was issued on May 31, 2016. While waiting my bachelor’s degree result, I joined IELTS preparation class and obtained an overall score of 7.0 in the examination dated on 21st May 2016.

Reasons for choosing Master of Professional Accounting (MPA):

Needless to say, developing a successful career in accounting requires higher level skills and advanced training in the core areas of accounting. Therefore, in order to expand my accounting skills beyond its current level, I have chosen to pursue Master of Professional Accounting (MPA) degree offered by King’s Own Institute. MPA course equips us with the expertise in accounting that is needed to work in a broad range of financial roles, reflected in the various majors offered within the course. It offers an introduction to the broad organizational, regulatory and market contexts in which accountants operate.

In addition to core subject areas of accounting, financial management and auditing, students are introduced to related disciplines, including business law, taxation, economics etc. which ensures a rewarding career in accounting. This industry-accredited degree will give students the skills to evaluate, analyze and communicate the financial position of an organization and make critical business decisions. I’m confident that MPA will equip me with an industry standard qualification, which will allow me to choose various professions such as, accountant, auditor, finance manager, investment banker and many more.

Reasons to Study in King's Own Institute (KOI) and why not other education providers:

I have selected King’s Own Institute (KOI) as I am very much impressed with the high quality education, outstanding teachers, affordable fee structure and modern facilities that it provides. It is a team of widely experienced practitioners with a proven record of achievement in education and business. Here, I will get access to superior facilities and resources which will ensure a rich educational experience. Moreover, the ideal location of KOI at central Sydney adds to it being my first choice for pursuing MPA. With diverse student population, I believe that KOI will provide me the opportunity to study with people from varied backgrounds and learn foreign cultures, which will make my educational experience a more exciting one.

Most importantly, I do respect the quality education of other education providers in Nepal and Australia as well. In the context of Nepal, before I decided to admit at KOI, Australia; I visited reputed colleges in Nepal affiliated to Tribhuvan University, Pokhara University and Kathmandu University such as Nepal Commerce Campus; Minbhawan, Shankerdev Campus; Putalisadak, Apex College; Baneshwor and Kathmandu University School of Management, Banepa. Nonetheless, these colleges only offer the graduate programs like Master of Business Administration (MBA) and Master of Business Studies (MBS). I did not get any colleges in Nepal which offer Master of Professional Accountancy (MPA).

In a similar way, I also visited websites of Australian Universities before my admission at KOI such as Central Queensland University (CQU), Sydney; University of Western Sydney and Curtin University of Technology, Sydney. Luckily, I got Master of Professional Accountancy (MPA) related programs in these universities. But the tuition fees of these universities are really higher than the tuition fees of KOI. The tuition fee of KOI is really affordable to me. For example, I should invest AU$ 25,530/Year for the similar type of programme at Central Queensland University, Sydney; AU$ 27,400/Year at University of Western Sydney and AU$ 30,600/Year at Curtin University of Technology, Sydney. I mean I can complete my entire duration of my course of study in King's Own Institute only at AU$28,000, which means I need to just invest AU$14,000/Year only at KOI for Master of Professional Accountancy (MPA) program.

Reasons for Choosing Australia but not other countries:

The ever-changing business environment and globalization demands an education that matches the international and multicultural aspects of the global business. However, the teaching methodology in my country locally lacks the recent advancements, modern facilities and the diversity that Australia offers. Therefore, I have opted for Australia to pursue my post graduate degree. Studying in Australia provides international students with progressive education programs and wonderful opportunities. Safe environment, world-class teaching facilities as well as modern technology of Australia appealed to me the most. I always had a keen interest to gain an international degree that is globally recognized, and Australia proves to be the best destination. This country is one of the leading countries in the field of business advancements and thus, receiving an MPA from Australia will make me more valuable and sellable in the job market.

Most preciously, the reason behind not choosing to continue my education to other overseas countries such as USA, UK, Canada and New Zealand is that Australia is more peaceful, safest and secured country. In a similar way, if we compare the tuition fees and living costs of these countries; the tuition fees and living costs of Australia is comparatively lower. The quality of education of Australian education providers is also really outstanding and recognized by all over the world including the UK, USA, Canada and New Zealand. I, thus, personally believe that Australian education provides that kind of education in which we can sell ourselves in the global market leaving other competitors behind.

The program which I am doing is being offered by different universities and colleges across the world. Each university or college offers its own unique courses like University of Denver and Florida International University of USA offered similar program but it lacks the technical relevance. While one of the colleges from New Zealand named Nelson Marlborough Institute of Technology (NMIT) has a program which is totally based on theory only. Accounting is such subject which requires a lot of case studies, problem solving and team projects to gain the concrete knowledge.

Quite surprisingly, Master of Professional Accountancy (MPA) program is not available in my home country. Those courses which are available in my home country are not updated according to the needs and demands of global job market. In Nepal, theoretical knowledge is always given the best priority rather than practical knowledge. At KOI, I will learn how to apply technical and creative accountancy skills all with lots of case studies, problem solving and team projects.

Relevancy of my course of study to my previous education, work experience and English Language Proficiency:

As stated above, I have high motivation and determination to pursue Master of Professional Accounting in KOI, Australia. The course provides a comprehensive program of study in accounting theory and practice which ideally complements my Bachelor’s degree with specialization in accounting. I strongly believe that my strong desire to excel in accounting field will enable me to successfully complete the MPA program. To utilize my leisure time, I have even been working with Footprints Nepal Pvt. Ltd., Kupandol, Lalitpur as an Account Assistant. My recent professional experience has further equipped me with basic accounting skills that will help me to cope well with the demands of Master’s program. In order to achieve a globally renowned MPA degree in Australia, I appeared in the IELTS examination and scored an overall band of 7.0. Thus, I have relevancy of my pervious education, work experience and English Language Proficiency.

Career Prospects after the completion of MPA from Australia:

As the global market becomes increasingly complex, better educated professionals are always in demand and an MPA is the safest bet to gain exposure to many facets of business. It will open doors of opportunities for me in the fields of accounting, financial services, auditing, taxation and many more. After completing my course, I plan to bring the acquired expertise back to my home country to help organizations grow in today’s highly competitive market. I wish to take up a job as a qualified accounting professional in one of the renowned companies in Nepal such as Dabur Nepal, Golchha Organizations, Chaudhary Group, Unilever, Nabil Bank Ltd. Ncell, Nepal Tele Com, Rajbahak & Company etc. I have even been offered a senior position in my current company and a handsome salary once I complete my MPA degree. I know I won’t be ready for this challenge without completing MPA from Australia, which will not only further refine my professional skills, but also enable me to achieve the goals I have set for myself.

Conclusion:

To conclude, I am a financially capable student from Nepal who does not have any financial burden so as to complete my desired course from Australia. My studies will be fully funded from our savings at Nepal SBI Bank Ltd. My family will assist me financially and emotionally until I complete my respective program from KOI, Australia. As my long term career goal is to work in one of the renowned national, international or multinational companies of Nepal where I will have rewarded salary range after 2 years of study plus 2 years of post study work period in Australia. KOI's MPA will equip me with skills and knowledge to accomplish my career goal by preparing me for senior management role. I, thus, believe both the investment of my time and money will be well rewarded.